Reddit Shares Tumble as User Growth Disappoints. Is Now a Golden Opportunity to Buy the Stock?

While shares of Reddit (NYSE: RDDT) tumbled following its Q4 earnings report, the social media company's stock is still up a solid 20% year to date, as investors have embraced the stock after its March 2024 IPO. After debuting at $34, the stock is up more than five times in less than a year.Reddit describes itself as "a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging." I'd describe it more as a message board platform on various topics where users are allowed to stay anonymous. Let's take a look at the company's recent earnings report and guidance to see if this is an opportunity to buy the stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool